Government to launch ‘Matribhumi Fund’ for AI and fuel storage, divest Nepal Telecom shares to build tech hub
▸ Part of: Nepal to establish 'Matribhumi Fund' for AI and fuel storage, divest Nepal Telecom shares
Finance Minister Dr. Swarnim Wagle announced the establishment of a sovereign 'Matribhumi Fund' to finance strategic projects like three-month fuel storage and AI factories. The government also plans a major divestment of Nepal Telecom shares, retaining a 66% controlling stake while selling the rest to the public to modernize the digital landscape.
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